Indiana License Law
An Indiana licensee who receives a referral fee from an out-of-state broker must:
ARefuse the fee to avoid license law violations
BEnsure the payment is made to the licensed broker and disclosed in the transaction✓ Correct
CReport it to IREC within 30 days
DOnly accept it if the referring broker is licensed in Indiana
Explanation
Indiana licensees may receive referral fees from other brokers (in-state or out-of-state), but the fee must be paid to the broker and properly disclosed. Fees paid directly to a salesperson by a party other than their broker may violate license law.
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